MM IB a good route to M7 MBA programs?

Is it possible to go from a MM firm into an MBA business schools">M7 MBA programme after a 2 year analyst stint or would I need a bit more experience as it's not BB. I ask as I have just completed an internship at a MM firm and unsure if I could land a FT position at a BB with only this experience, whereas I am likely to get an offer from the firm I interned at if I apply.

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (14)

Jan 17, 2015 - 10:29am

I would guess you need more than 2 years experience at a MM firm, unless you have amazing extracurriculars that you continue with or bring in deals for your bank etc. This is because you'll be competing against analysts from BB firms, and most of them will have done something after their analyst stint.

Jan 17, 2015 - 10:30am

known/solid MM IBD analyst to top MBA program, what are the chances? (Originally Posted: 11/30/2007)

Assuming strong GMAT (700+) and other strong background (strong GPA at top 40 undergrad institution, although non-ivy & non target) and they get ranked/do well in their analyst class (ie. top 10-20%)....and they do a yr or 2 in MM/small PE to get the "needed" 4-5 yrs work experience...

what are the chances an analyst out of a known/reputable MM IBD can get into HBS/Wharton/MIT Sloan/NYU Stern/Columbia/UChicago/Northwestern ?

I would think top MM and boutqiue IB analysts are prime targets for top B schools because the top analysts at BB usually don't need/want to go back to B-school since they can just get promoted to associate or go to solid PE/HF. Crappy analysts at BB are probably in the mix for top B school too, but they were still crappy/ranked poorly. Everyone else who wants to go to top B school doesn't have the skills/experience/work ethic that you know you get from a banking analyst. (or is this exagerated, not given much value?)

So, what are the chances for MM IBD analyst to go top 8-10 MBA program?

*when I say "known/reputable MM" I am thinking a range between BMO Capital Markets and Houlihan Lokey

Jan 17, 2015 - 10:32am

Assuming you have the pre-reqs (i.e. strong GPA, significant W/E, strong/balanced GMAT, leadership examples, and ECs) you will need to somehow differentiate yourself from other bankers who have similar backgrounds. You can do this by getting involved in the community, engaging in teamwork activities, and executing on your application essays.

With the background you described you would not have a problem cracking the M7 or any of the top 15 schools.

I don't want to begin the debate regarding the value of an MBA but I was surprised by your comment that an analyst from a top BB would not gain value by obtaining a top-tier MBA. The top analysts may be asked back for a 3rd year and the real super-stars move up to associates or get opps in PE/HF but what happens after that when they are surrounded by their colleagues who all have MBAs?

Jan 17, 2015 - 10:33am

Last I checked an MBA wasn't an IB thing, it was a business world thing. Like JBS lets not discuss the value of an MBA, however, a finger painter from Tuscon has just as as a chance as the MM or BB analyst if they had everything equal minus what they did for work experience. Don't be naive.

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Jan 17, 2015 - 10:34am

Like these guys said, if you can differentiate yourself, I think you have as good a chance at a top guy coming out of Goldman. A good buddy of mine was 4.0 out of a non-ivy target, 3-years as a MM analyst (awarded best new analyst of entering class), 730 on GMAT and has his choice of just about any grad school. A lot is about what you do while you are getting your work experience. They want people who will add value to the program, not just ones with good names on their resume.
Jan 17, 2015 - 10:35am

lol have you ever seen a MBA resume book, there was a Wharton one floating around somewhere so use the search button. Anyways if you look at it you will see guys from ibanks and pe firms you have never even heard of who still got in.

Jan 17, 2015 - 10:36am

Getting into a top-3 b school from IB (Originally Posted: 03/06/2010)

I am a junior in college, and I have a summer internship at a lower tier BB firm in their IBD in NYC. I plan to go to b school in two years. Ideally, I will get into MBB next year for full time, but in case I can't, how hard is it to get into a good b school after 2 yrs from IB?

Jan 17, 2015 - 10:42am
Pretty hard cuz there are so many applicants from IB while not as many from MBB. Also, MBB guys just develop more attractive skill sets (team work, problem solving, etc) than ib guys for bschools.

I doubt this statement is true. BB banking classes are 80-100 each, and there are around 400 in M+B+B. While nearly all people in MBB apply to b school after 2 years, most people in BB go to the buy side first.

Jan 17, 2015 - 10:38am

The time commitment will not allow you to pursue many leadership and extracurricular activities, either. It's therefore your job to do a dang good job of branding yourself in your applications and making yourself sound like a complex, multi-faceted human being, as opposed to a dull trained monkey.

Jan 17, 2015 - 10:39am

Dude, not to worry, you will get in everywhere you apply.

Applications to grad school are grueling, and where you work is not nearly as important as what you are responsible for while you are there. In other words, it doesn't matter that you're going to a MM firm. In fact in my numerous conversations w/ my school's adcom, assuming you are able to check the boxes on prerequisite grades and scores, they are mostly focused on where you are heading, how the MBA will help you get there, and how you'd fit in w/ the rest of the class they put together.

Anyone who says that an IB firm will help or hurt your application chances doesn't seem to have much insight into business school.


Professional Bro, J. Cans
Start Discussion

Total Avg Compensation

April 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (35) $364
  • Associates (188) $234
  • 2nd Year Analyst (107) $150
  • Intern/Summer Associate (96) $145
  • 3rd+ Year Analyst (26) $145
  • 1st Year Analyst (391) $132
  • Intern/Summer Analyst (322) $82